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Crunch watch July 09: the auto industry in crisis

By Tim Pollard, Ben Pulman, Ben Whitworth and Alex Michaelides Motor Industry 31 July 2009 11:23 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour  Friday 31 July 2009• Lamborghini today posted pre-tax profits of €5.4 million – despite a sales drop of 37% in the first six months of 2009. Sant'Agata said turnover hit €156.9m in the first half (down 43%) as it sold 825 cars globally (Lamborghini)• British motorists could have to pay £250 in tax to park at work from 2012.

Aston Martin DB9: Three DB9 Special Editions

Aston Martin DB9 Special Editions - choice of three 2010 has been a busy year for Aston Martin, what with the final arrival of the much anticipated Aston Martin Rapide, the confirmation of the much less anticipated Aston Martin Cygnet and the Aston Martin One-77 rolling out to customers (just about). There have also been plenty of ‘Special Editions’ to keep the tills jingling, from the Dr Bez Special Aston Martin DBS UB to the V8 Vantage N420. Oh, and let’s not forget that one Limited Edition became a regular Aston Martin model – the Aston Martin V12 Vantage.

Remember this day in GM history: The next century of automotive success starts now

President Obama's administration made history today with what some see as nothing short of government meddling in the affairs of big business. What I see is something else: I see the administration showing that it is serious and raising the level of concern from yellow to orange. Now there is a firm deadline and a message to bondholders, United Auto Worker union members and the American public: Do not be surprised if in the next 30 days--or even sooner-General Motors files for a controlled bankruptcy.